Energy sector booms on vaccine news

OIL has climbed by almost 10% overnight on the news from Pfizer of a successful vaccine trial and the ASX Energy sector has followed, rising over 7% on morning trade.

Energy sector booms on vaccine news Energy sector booms on vaccine news Energy sector booms on vaccine news Energy sector booms on vaccine news Energy sector booms on vaccine news
 
Brent rose to a high of $43.44 per barrel and is now sitting at $42.45/bbl. Worries over second waves of lockdowns in Europe and surging US cases have depressed prices.